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Due to tax reform legislation, the deduction for personal casualty or theft losses has been suspended (eliminated) for tax years 2018 through 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.
[Edited 3|16|2020 2:10 pm]
Due to tax reform legislation, the deduction for personal casualty or theft losses has been suspended (eliminated) for tax years 2018 through 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.
[Edited 3|16|2020 2:10 pm]
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